Fixed income funds

Fixed income funds normally invest in bonds and other debt securities and have some potential for growth while providing a regular level of income. There are a wide variety of fixed income funds available that can focus on specific geographic regions, credit quality, term to maturity or fixed income securities.

Money market funds invest in short term debt securities such as treasury bills and other money market investments that have a term to maturity of less than one year. This type of fund normally strives to maintain a constant unit value and can provide regular monthly distributions. Investors who have a short time horizon and low risk tolerance often use money market funds.